Yueyue Yingsheng: Bitcoin and Ethereum Market Analysis for 3.19 - Will Interest Rate Decision Drive V-Shaped Recovery After Pullback? Attached Intraday Trading Suggestions
I'm Zhou Yueyue. Friends who like the article, please follow for today's sharing!
Bitcoin Technical Analysis————
On the daily chart, Bitcoin pulled back after a spike and showed consecutive down candles from the open. The Bollinger Bands show signs of contraction with shorter-term moving averages flattening and turning downward. MACD fast and slow lines have turned downward with continued volume contraction. KDJ after crossing has extended downward. VR indicator consolidates near the 110 level. On the 4-hour chart, three consecutive down candles are currently supported near the 60-day moving average and lower band. Bollinger Bands are flattening with signs of opening downward, shorter-term moving averages turning down, MACD fast and slow lines extending downward with continuous volume expansion, KDJ after turning down has found support near the 0 level and turned upward, VR indicator consolidates near the 70 level. Overall, the market faced resistance on the spike and failed to break and stabilize around 76000. The probability of retesting the 70000-69000 level has increased. Thursday early morning interest rate decision may trigger wash trading, so short-term movement is primarily range-bound. Although we broke out of the previous box, there's no strong continuation. If favorable news emerges, we'll see another spike testing resistance. Attention to 74000 resistance upside short-term, downside focus on 2050 support area, see short-term suggestions.
Bitcoin Short-term Suggestion: Short at 73300, Long at 69800 (Activate strategy and capture profits at your discretion)
Ethereum Technical Analysis————
Ethereum was blocked and pulled back near 2400 with technical moves consistent with Bitcoin. Daily chart shows high-position bearish candle K, slight rebound from intraday open followed by plunge and break below 2200. Short-term resistance upside focus on 2300 area, if rebound fails to break continue looking for pullback, downside support focus on area above 2050, see short-term suggestions.
Ethereum Short-term Suggestion: Long at 2070, Short at 2285 (Activate strategy and capture profits at your discretion)
——I'm Zhou Yueyue, a teacher focused on technical analysis. Friends with any questions about operations or trends, feel free to exchange and learn together! Mutual communication, mutual profits! #BTC #ETH
Yueyue Yingsheng: Bitcoin and Ethereum Market Analysis for 3.19 - Will Interest Rate Decision Drive V-Shaped Recovery After Pullback? Attached Intraday Trading Suggestions
I'm Zhou Yueyue. Friends who like the article, please follow for today's sharing!
Bitcoin Technical Analysis————
On the daily chart, Bitcoin pulled back after a spike and showed consecutive down candles from the open. The Bollinger Bands show signs of contraction with shorter-term moving averages flattening and turning downward. MACD fast and slow lines have turned downward with continued volume contraction. KDJ after crossing has extended downward. VR indicator consolidates near the 110 level. On the 4-hour chart, three consecutive down candles are currently supported near the 60-day moving average and lower band. Bollinger Bands are flattening with signs of opening downward, shorter-term moving averages turning down, MACD fast and slow lines extending downward with continuous volume expansion, KDJ after turning down has found support near the 0 level and turned upward, VR indicator consolidates near the 70 level. Overall, the market faced resistance on the spike and failed to break and stabilize around 76000. The probability of retesting the 70000-69000 level has increased. Thursday early morning interest rate decision may trigger wash trading, so short-term movement is primarily range-bound. Although we broke out of the previous box, there's no strong continuation. If favorable news emerges, we'll see another spike testing resistance. Attention to 74000 resistance upside short-term, downside focus on 2050 support area, see short-term suggestions.
Bitcoin Short-term Suggestion: Short at 73300, Long at 69800 (Activate strategy and capture profits at your discretion)
Ethereum Technical Analysis————
Ethereum was blocked and pulled back near 2400 with technical moves consistent with Bitcoin. Daily chart shows high-position bearish candle K, slight rebound from intraday open followed by plunge and break below 2200. Short-term resistance upside focus on 2300 area, if rebound fails to break continue looking for pullback, downside support focus on area above 2050, see short-term suggestions.
Ethereum Short-term Suggestion: Long at 2070, Short at 2285 (Activate strategy and capture profits at your discretion)
——I'm Zhou Yueyue, a teacher focused on technical analysis. Friends with any questions about operations or trends, feel free to exchange and learn together! Mutual communication, mutual profits! #BTC #ETH